Macro18h ago
EIA Crude Inventories Draw 0.4M vs Forecast 1.4M Draw
EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.
Editor·1 min read
VLCC Freight Hits Record Near $800k/Day ME–China; US Gulf–Asia Lump-Sum ~$29.5M
VLCC earnings on the ME–China run hit a record near $800,000 a day, while US Gulf–Asia lump-sum fixtures print a record ~$29.5 million (~$15/bbl ex war-risk), Bloomberg and OilPrice stamp. Persian Gulf conflict and shipping workarounds are tightening the tanker list.
E
Editor
Sep 10, 2026 · 23h ago
1 min read5 views
Global VLCC freight rates have surged to record levels as Persian Gulf conflict and shipping workarounds tighten the tanker market.
Bloomberg stamp
Bloomberg (September 9, 2026 at 10:24 PM PDT): Global tanker freight rates are surging to record levels with little respite in sight amid a drawn-out Persian Gulf conflict and increasingly complex workarounds. Earnings for supertankers on the benchmark Middle East-to-China route are at a record of nearly $800,000 a day. For the US Gulf to Asia run, charterers have been offering VLCCs at a record lump-sum fee of $29.5 million — close to $15 per barrel without considering additional war risks or fees for unexpected delays.
OilPrice corroboration
OilPrice (Tsvetana Paraskova; Sep 10, 2026): the benchmark daily VLCC rate Middle East to China has hit a record high of almost $800,000, per data compiled by Bloomberg; US Gulf Coast to Asia lump-sum $29.5 million per run, not factoring additional war-risk fees or unexpected delays. Fearnleys weekly (week ended September 9) stamps a tight VLCC positions list and fragile Hormuz flows.
Prior oil tape
Follows Iraq Hormuz tankers, WTI EU ~$93.20, and Brent clears $100.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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